Jhon


Status: Paid Back

$500.00   Loan Request
$500.00   Paid Back

About the Entrepreneur

(For privacy reasons, the Field Partner has requested that last name be undisclosed)
Name: Jhon
Location: Pucallpa, Peru
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $500.00
Loan Use: To buy merchandise to resell and to fix up his house.
Repayment Term: 8 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 8, 2009
Date Disbursed: Mar 13, 2009
Date Funded:Apr 8, 2009
Loan Ended:Oct 15, 2009

About the Country

Country:Peru
Avg Annual Income:$6,715.00
Currency:Peru Nuevos Soles (PEN)
Exchange Rate:3.1250 PEN = 1 USD



Jhon is 30 years old and married with two children. He also takes care of his mother and they all live together in his house. Each morning he sells fruit from his house (such as oranges, mandarins, grapefruit and other types of fruit that are grown in his region) and at night he sells meals in a nearby plaza in order to provide for his wife and his mother. He has been engaged in this activity for the last seven years and it is going well for him. What he likes about his work is the selling and giving good service to his customers. It is also profitable for him because he can sell things every day and they bring him a good income. Jhon is very satisfied with his work because his earnings are allowing him to make some repairs on his house. In the future he would like to open a restaurant big enough to accomodate all of his guests. Jhon has three loans with Microfinanzas PRISMA and he mentioned that he likes working with his communal bank because of the order and punctuality that exists among the members. The funds that he is requesting will be invested in his two businesses, selling fruit and selling meals, and part of it will also be used to repair some parts of his house.


Translated from Spanish by Daniel Kvaka, Kiva Volunteer


Jhon tiene 30 años, es casado y tiene 2 hijos, también cuida de su madre. Todos viven en su casa propia. Por las mañanas, en su casa, se dedica a la venta de frutas regionales (naranjas, mandarinas, granadillas, entre otras variedades de frutas que produce su zona), y por las noches vende comida en una plaza cercana, para ello lo apoyan su esposa y su madre. En esta actividad ya lleva un periodo de 7 años y le va muy bien, lo que le gusta de su trabajo es vender y dar una muy buena atención a sus clientes, además le es rentable porque sus productos se venden diariamente y le generan buenos ingresos. Jhon está muy satisfecho con su trabajo, porque las ganancias le están permitiendo reparar algunos desperfectos de su vivienda. Para más adelante quiere implementar un restaurante amplio para la acogida de todos sus comensales. Con MFP tiene 3 préstamos, Jhon menciona que le gusta trabajar con su banco comunal porque existe orden y puntualidad entre sus integrantes. Con el dinero que ahora viene solicitando implementará sus dos negocios, tanto el de venta de frutas, como el de comida. Con otra parte también arreglará algunas estructuras de su casa.

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Journal entries for Jhon


Loan has been disbursed
 
Entrepreneur: Jhon
Location: Pucallpa, Peru

Thank you for your loan. It has been disbursed to Jhon by Microfinanzas PRISMA in Peru. We are excited to watch this business grow. Over the 5 months of this loan, Microfinanzas PRISMA will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Pucallpa, Peru
Apr 9, 2009
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Kiva Help Repayment Schedule for Jhon

  Expected Repayments Actual Repayments Comments
June 2009 $73.98 $73.98 Repayment Received
July 2009 $78.08 $78.08 Repayment Received
August 2009 $81.59 $81.59 Repayment Received
September 2009 $84.85 $84.85 Repayment Received
October 2009 $88.80 $88.80 Repayment Received
November 2009 $92.70 $92.70 Repayment Received